Latest United States News

Corporate deal-making dips in 1Q on trade, economy fears

Apr. 18, 2019 11:13 AM EDT

Lingering trade spats and a fears of a global economic slowdown stunted corporate deal-making worldwide during the first quarter. Large, international deals that drove the acquisitions market for years nearly disappeared, pushing deal values down by 15% from a year ago. Deal-making in Europe plunged to its lowest...

US mortgage rates increased this week with 30-year at 4.17%

Apr. 18, 2019 10:49 AM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates increased this week, though they remain lower than a year ago in a positive sign for home sales. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage rose to 4.17% from 4.12% last week and 4.47% a year ago. Average mortgage...

US stock indexes head mostly lower on mixed company earnings

Apr. 18, 2019 10:41 AM EDT

U.S. stock indexes moved mostly lower in early trading Thursday as investors weighed the latest batch of company earnings. Losses in health care, technology and financial stocks outweighed gains in industrial companies and elsewhere in the market. Drugmaker Pfizer fell 2.9%, PayPal dropped 2.8% and Regions...

US retail sales soared 1.6% in March

Apr. 18, 2019 9:56 AM EDT

WASHINGTON (AP) — U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017. The gains...

Markets Right Now: Industrial companies lead stock gains

Apr. 18, 2019 9:48 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stock indexes are opening mostly higher on Wall Street, recouping some of their modest losses from a day earlier. Gains in industrial, health care, and technology companies are outweighing losses in banks and...

Analysis: Kim, returning to military optics, turns up heat

Apr. 18, 2019 7:51 AM EDT

TOKYO (AP) — North Korean leader Kim Jong Un is cautiously turning up the heat after his unsuccessful summit with President Trump in Hanoi two months ago. Returning to military optics for the first time in five months, Kim on Tuesday paid a surprise visit to an Air Force base to inspect fighter combat...

Global stocks subdued as investors eye earnings, data

Apr. 18, 2019 7:51 AM EDT

BEIJING (AP) — Stock markets were subdued Thursday as investors digested corporate earnings reports and mixed economic data, with some traders in Europe preparing for a long weekend. London's FTSE 100 fell 0.1% to 7,460 and Frankfurt's DAX rose 0.5% to 12,208. France's CAC 40 gained 0.3% to 5,576. A survey...

NKorea says it tested new weapon, wants Pompeo out of talks

Apr. 18, 2019 7:44 AM EDT

SEOUL, South Korea (AP) — North Korea said Thursday that it had test-fired a new type of "tactical guided weapon," its first such test in nearly half a year, and demanded that Washington remove Secretary of State Mike Pompeo from nuclear negotiations. The test, which didn't appear to be of a banned mid- or...

Olympic skateboard selection begins with Dew Tour in June

Apr. 18, 2019 7:01 AM EDT

CARLSBAD, Calif. (AP) — Stops on the Dew Tour skateboarding circuit will serve as qualifying events for the sport's Olympic debut at the 2020 Tokyo Games. The Dew Tour contest in Long Beach set for June 13-16 will be the first U.S.-based qualifying event for both park and street competitions. The tour will...

Poll: Church membership in US plummets over past 20 years

Apr. 18, 2019 5:42 AM EDT

NEW YORK (AP) — The percentage of U.S. adults who belong to a church or other religious institution has plunged by 20 percentage points over the past two decades, hitting a low of 50% last year, according to a new Gallup poll. Among major demographic groups, the biggest drops were recorded among Democrats...